Lasker, North Carolina Property Taxes
The median property tax rate in Lasker, NC is 1.46%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Lasker, the typical annual property tax bill reaches $848, which is below the national median of $2,690. Property taxes in Lasker are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lasker's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lasker or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lasker, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$932
Ownwell’s Lasker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lasker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lasker to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lasker, North Carolina
Property taxes in Lasker, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lasker is 1.46%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lasker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lasker estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Lasker's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27845 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Lasker provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lasker Tax Rate
1.46%
Average Northampton County Tax Rate
1.04%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lasker, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | 1.01% | 1.19% | 1.46% | 1.62% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Lasker, North Carolina
In Lasker, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Northampton County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Lasker, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Lasker is $63,836, with tax bills ranging from $573 at the 25th percentile to $1,321 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Lasker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27845 has the highest and lowest median tax bill at $848.
Average Lasker Assessed Value
$63,836
Average Northampton County Assessed Value
$67,893
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lasker, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | $21,270 | $39,527 | $63,836 | $82,555 | $112,521 |
Source: Ownwell
Property Tax Bills Across Lasker, North Carolina
In Lasker, Northampton County, NC, property tax bills are calculated based on the assessed value of your home. The process starts with the county assessor determining the market value of your property. This assessed value is then multiplied by the local tax rate to calculate your annual tax bill. Homeowners in Lasker can expect their tax bills to vary depending on the assessed value of their property and the specific tax rate applied. For instance, in Lasker, the median home price is $63,836. Property tax bills can range significantly, with the 25th percentile at $573 and the 75th percentile at $1,110. The highest median tax bill recorded in the area is $848, which is still below the national median property tax rate of 0.99%. This variation in tax bills can influence homeowners' financial planning and budgeting, making it crucial to understand how these factors impact your annual expenses.
Average Lasker Tax Bill
$848
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lasker, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | $452 | $573 | $848 | $1,110 | $1,321 |
Source: Ownwell